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The Pros And Cons Of Corporate Fraud

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The Pros And Cons Of Corporate Fraud
What do Jeff Skilling, Bernie Ebbers, Dennis Kozlowski, John Rigas, Sanjay Kumar, Walter Forbes, Joe Nacchio, Richard Scrushy, Sam Waksal, and Martin Grass all have in common? They were all CEOs of prominent public companies, convicted of big-time corporate fraud and sentenced to lengthy prison terms.

They were all also fabulously wealthy when they committed their crimes. Nevertheless, they risked their careers, families, reputation, wealth, power, everything. And for what? You've got to wonder, what motivates rich, high-powered CEOs to unnecessarily risk it all against all logic and ethical principals?

Perhaps their brain circuitry is somehow hard-wired for exceptional success followed by devastating disaster. Or maybe it's just probability?

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